News - The Purbottar

24 Aug

Rupee upgrade 5 paise to 83.88 against US dollar in early trade

editorBusiness, News

The rupee traded in a tight range and rose 5 paise to 83.88 against the US dollar in morning trade on Friday, supported by softening crude oil prices and fresh foreign fund inflows.Forex traders said the significant improvement in oil prices, which are around US$77 per barrel, is a big positive sign for the rupee, given India's substantial oil imports.At the interbank forex market, the local unit opened at 83.93 and then gained ground to touch 83.88, registering a rise of 5 paise from its previous close.Amit Pabari, MD, CR Forex Advisors said that “Despite the dollar index hitting recent…

22 Aug

Paytm share price upgrade over 5%, Zomato shares rise 2% on ticketing business deal

editorBusiness, News

Paytm share price surged over 5% after the fintech giant announced the sale of its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares rose 5.47% to ₹604.45 on BSE, while Zomato shares also rose 2.71% to ₹267.00.Fintech giant Paytm's parent company, One97 Communications, entered into a definitive agreement for the sale of its entertainment ticketing business, which includes movies, sports and event ticketing, to Zomato for ₹2,048 crore.Paytm's movie and event tickets will remain available on its app during the transition period for the next 12 months. After that, users will be redirected to…

21 Aug

Due to investor enthusiasm, Ola Electric shares growth by 90%, market cap crossed $ 7 billion

editorBusiness, News

Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…

20 Aug

Vedang Raina report working with Alia Bhatt in Jigra has been ‘confusing’, talks about dating rumors with Khushi Kapoor

editorEntertainment, News

Actor Vedang Raina secured praise for his performance in his debut film The Archies. Soon after, the young actor was in the news for dating rumors with his co-star Khushi Kapoor. Although the two have been seen together on several occasions, their rumored relationship has been kept under wraps. Vedang has time and again dodged questions about his alleged affair with Khushi.Now in an interview with GQ, the actor talked in detail about his dating life and his next film Jigra with Alia Bhatt.Talking about his dating rumors with Khushi Kapoor, Vedang Raina said, “At the moment my dating life…

17 Aug

Gold downfalls by Rs 400; Silver rises by Rs 800

editorBusiness, News

According to the All India Bullion Association, the price of gold in the national capital fell by Rs 400 to Rs 72,750 per 10 grams on Friday.In the previous session, the precious metal had closed at Rs 73,150 per 10 grams.Commodity markets were closed on Thursday on the occasion of Independence Day. Silver prices rose by Rs 800 to Rs 84,000 per kg, from Rs 83,200 per kg at the previous close.Meanwhile, gold of 99.5 percent purity fell by Rs 400 to Rs 72,400 per 10 grams. In the last session it had closed at Rs 72,800 per 10 grams.On…

16 Aug

State Bank of India inflation MCLR by 10 bps for all tenors

editorBusiness, News

State Bank of India (SBI) has increased the marginal cost of lending rate (MCLR) by 10 basis points (bps), effective from today. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 percent. Overnight and one month MCLR have been increased to 8.2 percent and 8.45 percent respectively. The revised rate for six-month MCLR is 8.85 percent, which was earlier 8.75 percent. The bank will charge MCLR of 8.95 percent on one year loan. The revised MCLR on loans with tenures of two years and three years is 9.05…

14 Aug

HAL Q1 results: Net profit expansion 77% to Rs 1,437 crore

editorBusiness, News

Hindustan Aeronautics Limited (HAL) on August 14 reported that its Q1FY25 consolidated net profit rose 77 per cent year-on-year to Rs 1,437 crore from Rs 814 crore in the same period last year. The PSU defense major's consolidated revenue from operations in the April-June quarter rose 11 per cent to Rs 4,348 crore from Rs 3,915 crore a year ago.Total income in the quarter under review increased by almost 18 percent to Rs 5,083 crore. In the year-ago period it was reported to be Rs 4325 crore. There was a slight increase in the company's expenses in the June quarter…

13 Aug

When Mahesh Bhatt express about his role in Vinod Khanna’s decision to leave his family and career for Osho Commune: ‘He saw me wearing saffron robes’

editorEntertainment, News

Two of the most prominent figures in their respective fields, actor Vinod Khanna and director Mahesh Bhatt came together three times: in Lahu Ke Do Rang (1979), Jurm (1990) and Marg (1992). And needless to said, all three films made a significant impact at the box office and audiences.A man of unusual tastes, Khanna was at the peak of his film career and one of the highest-paid stars when he left his family and successful career in 1975 to become a disciple of spiritual guru Osho Rajneesh. But do you know Bhatt played a role in Khanna's visit to Osho…

12 Aug

IRFC share price gain 4% today ahead of Q1 results. Is this a stock worth buying today?

editorBusiness, News

Q1 Results Today: Indian Railway Finance Corporation (IRFC) shares witnessed strong buying in Monday's deals. Ahead of Q1 results announcement today, IRFC share price opened on NSE with a higher margin of ₹180 per share and touched an intraday high of ₹186.50 per share, registering an intraday gain of 4 per cent in the stock market today .According to stock market experts, IRFC may need to post promising quarterly figures due to policy paralysis during the April to June 2024 quarter ahead of the Lok Sabha elections. He said that, like any other PSU, IRFC Q1 results 2024 are also…

10 Aug

Sanjay Dutt reports on playing the role of villain in South films, ‘Rape should be controlled but…’

editorEntertainment, News

Actor Sanjay Dutt is all set to enthrall the audience once again, this time as the villain in the Telugu film Double iSmart, directed by Puri Jagannadh and starring Ram Pothineni. During a promotional event in Mumbai, Sanjay opened up about his fondness for playing villainous roles, especially in South Indian cinema, and why he finds these roles so attractive.When Sanjay was asked about his attraction towards negative roles, he said, “I feel doing a South Indian film is a challenge for me, and playing a villain is a great opportunity. You get to do a lot—there's action, intensity, and…